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    804 2Nd St Taylor, TX 76574

    Sponsored
    For Sale
    $699,000

    Prime location, 4-unit multifamily, high ROI.

    Property size:
    3,854 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a four-unit multifamily property located at 804 W 2nd St, Taylor, TX 76574. Boasting a prime location on a corner lot along the main thoroughfare into Taylor, this property offers significant upside potential. The 3,854 square foot property, built in 1940 and extensively renovated in 2022, sits on a 0.19-acre lot and is zoned B-1, permitting both commercial and residential use. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $49,536, resulting in a 7.09% cap rate. The asking price is $699,000, translating to $181.37 per square foot and $174,750 per unit. The property's strategic location offers easy access to Samsung, approximately 5 minutes away. Three of the four units present a unique opportunity for conversion into commercial office space, significantly increasing the property's value and rental income potential. This is a stabilized investment with a strong historical performance and significant future growth prospects in a rapidly developing area. The property's grandfathered zoning status adds to its appeal. This is a rare chance to acquire a high-performing multifamily property with considerable flexibility and upside in a thriving Texas market.

    Property Features for 804 2Nd St

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,854 SF
    Lot Size
    8,276 SF

    Building Details

    Year Built/Renovated
    1940/2022
    Buildings
    4
    Stories
    1
    Units
    4

    HighLights

    • High potential for increased value by converting two front units to commercial space.
    • Five‑minute drive to Samsung.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mez Insurance Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Williamson
    State
    Texas
    Longitude
    -97.417457562574
    Latitude
    30.568021403906

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    FAQs

    What type of property is this?
    Multifamily property - Prime location, 4-unit multifamily, high ROI.
    Where is this multifamily property located?
    The property is located at 804 2Nd St Taylor, TX.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: High potential for increased value by converting two front units to commercial space.; Five-minute drive to Samsung.;
    (512) 395-5017
    Request Owner's contact information
    804 2Nd St Taylor, TX 76574
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    804 2Nd St Taylor, TX 76574
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